Ample Oil Stocks Available Amid Security Situation in Gulf Region
PD Directs Ogra To ensure Availability of adequate stocks
The government on Friday assured the nation that Pakistan holds ample crude and petroleum product stocks and there is no cause for panic despite the emerging security situation in the Gulf region.
Meanwhile, the ministry of Petroleum has directed the Oil and Gas Regulatory Authority (Ogra) to ensure availability of adequate stocks of crude and petroleum products (MS, HSD & LPG) in the country to avoid any supply disruption. The import of said products may also be tracked for timely deliveries given the emergent security situation in the gulf region.
Read More: Petrol, Diesel Sales Cross 1M Tonnes in February 2026
The assurance came during a high-level meeting jointly chaired by Federal Minister for Petroleum Ali Pervaiz Malik and Federal Minister for Finance Muhammad Aurangzeb. The meeting reviewed the country’s fuel supply position in light of tensions affecting regional shipping routes, particularly around the Strait of Hormuz.
The session was attended by senior officials of the Petroleum Division, the Governor of the State Bank of Pakistan, Member Oil OGRA, and top leadership of major refineries including Pak-Arab Refinery Company, Cnergyico, Pakistan Refinery Limited, National Refinery Limited, and Pakistan State Oil, along with representatives of the Oil Companies Advisory Council.
According to officials present in the meeting, the State Bank governor assured that there would be no delays in oil-related payments, enabling refineries and oil marketing companies to continue smooth import operations.
While Pakistan Refinery Limited (PRL) and Pak-Arab Refinery Company (PARCO) informed the meeting that they are facing certain logistical challenges in crude procurement due to the evolving Hormuz situation, both companies confirmed they currently have sufficient crude stocks and expect only minor delays, if any.
Cnergyico told the meeting it has one million barrels of U.S. crude already at its port, with an additional two million barrels expected to arrive in March through routes that do not pass via the Strait of Hormuz. National Refinery Limited said it is sourcing crude from Fujairah and does not foresee any supply disruption.
Officials further stated that finished petroleum product stocks in the country are sufficient for more than one month. Major oil marketing companies confirmed that supply chains remain intact and there is no shortage situation.
The finance minister directed the Petroleum Division to submit daily reports on national stock levels to ensure close monitoring of the situation. The petroleum minister also instructed OGRA to keep strict oversight of supply and market conditions.
A follow-up review meeting is expected to be held on Monday to reassess developments.
Industry leaders maintained that the situation remains under control and emphasized there is no panic scenario, assuring that Pakistan’s fuel supply position remains stable.